Alfa shares rise 7% after spin-off completion, guidance confirmation

Shares in Alfa ALFAA.MX rise 7% after the Mexican conglomerate posted first-quarter results and completed its long-awaited spin-off of petrochemicals subsidiary Alpek

Analysts cite confirmation of 2025 guidance as a highlight

Scotiabank analysts say results were hit by foreign-exchange effects and raw material costs but were otherwise solid and predictable, adding that completion of the spin-off was a key milestone

Alfa reported a net profit of $178 million and said results remain on track to meet full-year guidance, despite missing consensus expectations

Shares climb 7% to 14.34 pesos ($0.7319) apiece, rising nearly 22% year-to-date

Gerardo Cevallos Orvananos of Vector Analisis adds the company's guidance helped reassure investors after a weaker-than-expected quarter

Alfa had long sought to spin off Alpek ALPEKA.MX, CTALPEKA.MX to shore up finances amid market volatility; shareholders approved the move last October

($1 = 19.5918 Mexican pesos)